The following is an excerpt from today’s Global Newsletter. CFPB director Rohit Chopra was back in front of the senate banking committee Tuesday, where he brought his focus on fraud in the P2P payments space. “They need to speed up with respect to services like Venmo, Zelle, and others,” Chopra told the committee. Subscribe to the Global […]
Whether you prefer to bank online or in person, one thing is clear from a recent survey: people, particularly those under age 40, actively seek out in-person financial advice. That makes sense, given the recent uncertainty in the U.S. economy. Surprisingly, the younger crowd identified in J.D. Power’s 2023 US Retail Banking Satisfaction Study is […]
The Dodd-Frank Act was passed in 2010 in response to the financial crisis. One small part of the Act is Section 1033, which is all about consumer access to financial records. This consumer access and control of financial information is what has become known as open banking (or open finance more broadly). Now, in a blog […]
Adam Nash, Co-Founder and CEO of Daffy This week I turned my attention to Donor Advised funds (or DAFs) and shared my coffee break with Adam Nash, Co-Founder and CEO of Daffy. Daffy is a platform facilitating charitable giving by integrating it into consumers’ regular budgets. Users set a yearly target and choose the regularity […]
Fintech unicorn Ualá finally obtained a banking license in Mexico, clearing the way for the neobank to aggressively expand its range of products and services in the North American country. The Mexican regulator recently approved its acquisition of ABC Capital, a medium-sized traditional financial institution in Mexico. The green light from the National Banking and […]
In today’s challenging climate, Radiate Ventures is betting on companies developing the technologies that will drive change and the leaders persistently following through on their goals. A new venture fund launched by global thematic investment platform MarketX and founder Cathryn Chen, Radiate Ventures is designed to leverage investment opportunities due to volatility. The fund will […]
The following is an excerpt from today’s Global Newsletter. As Jason Mikula predicted on June 1, FIS has acquired embedded finance startup Bond in a deal where terms were not touted in a splashy press release. While silent acquisitions often indicate a distressed sale, the incumbent core banking provider likely realized they needed to get into BaaS and probably […]
Matt Bodkin Matt is a seasoned editorial cartoonist with a Bachelor of Fine Arts from Long Island University. He brings a strong background in the newspaper industry and skills in arts and design to his work. He aims to distill complex issues into funny doodles that resonate with readers. View all posts .pp-multiple-authors-boxes-wrapper.box-post-id-45383.pp-multiple-authors-layout-boxed.multiple-authors-target-shortcode.box-instance-id-1 .box-header-title { […]
The following is a guest post by Anil Goyal, CEO at Corserv. Adopting an API-first approach to card issuing allows financial institutions (FIs) and fintechs to create personalized, flexible, and innovative payment solutions tailored to their customers’ needs. Delivering custom payment card products and services improves customer experience, increases loyalty, and enhances retention rates. Related: […]
The Fintech Five brings you the top five fintech stories of the week in under two minutes. It is delivered via the Fintech Nexus daily newsletter and website and across Fintech Nexus social media channels every Friday. This week The SEC has filed suits against Binance and Coinbase, raising concerns about the future of crypto […]